Revisions have been made to incorporate the latest data relating to international merchandise trade and information on capital goods that have changed ownership but not crossed the Customs frontier:

on a recorded trade basis, international merchandise exports and imports have been revised back to September 2011

on a balance of payments basis, goods and services have been revised back to July 2010.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have:

decreased the surplus on goods and services for 2010-11 by $586m

decreased the surplus on goods and services for the eight months to February 2012 by $662m.

Seasonally adjusted and trend series have been revised due to the incorporation of these revisions and estimates for the latest month.

The goods debits estimates included in this publication reflect recently obtained information and differ from the preliminary estimates for goods debits published in the March 2012 issue of International Merchandise Imports, Australia (cat. no. 5439.0).

VALUE ADJUSTMENTS

Adjustments have been made to the value of the 'coal, coke and briquettes' and 'capital goods n.e.s.' components in the balance of payments series.

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